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https://www.standard.co.uk/business/boohoo-new-auditor-pkf-littlejohn-pwc-b418744.html
Was the Chairman hinted a threat to Leicester MPs? Lay off Boohoo or I will take manufacturing off shore and stuff your unions, your employment laws and your threats. Perhaps these nasty MPs will come to their senses and realise that this is not just a threat but a hint for the politicians. Racism, jealousy should not being taking place in success stories and not at these tough times where the economy of the UK is facing bankrupsy!!! Those MPs should wake up and support local industries not trying to gain political glories and publicity!!!
email them and complain if you are a shareholder and say that your not happy with the factory location.
The factory location suits Boohoo.It will be built from scratch,will be automated, it will produce 15,000 garments a week, and it will be managed by Boohoo with well trained workers!
Why are you telling us to avoid it????
Morgn Stanley said BUY with target price £4.60 that is more than 130p profit Buying now!!!!!
Also
https://www.fool.co.uk/investing/2020/11/01/the-boohoo-share-price-is-now-the-perfect-time-to-buy/
Also
A website Trending view says that "Boohoo shares are too cheap"
So should we listen to your expertise?????
Go and do your research, you look very amateurish and naive!
Nothing to do with Boohoo!
64 factories been kicked out of the supply chain!
from the BBC news now.
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Possible 3rd lockdown after Xmas.
Meaning the online retailers will boom for 2021!!!!
Amazon circles Post Office as it loosens ties with Royal Mail
Friday 18 December 2020 7:48 am
Silicon Valley giant Amazon and Hermes, a US parcel delivery firm, are understood to be among those attempting to fill the gaps.
Royal Mail remains the biggest parcel delivery company in the UK, handling around 1.2bn packages in 2018.
However, Hermes, whose clients include retailers such as John Lewis, and Amazon deliver around 550m parcels in the UK each year between them.
A deal with state-owned Post Office will be seen as a major salvo to Royal Mail’s stranglehold over the parcel industry. Until now the Post Office has only handled Royal Mail items.
In a video message to Post Office staff, chief executive Nick Read: “The new agreement allows us to work with other third parties, marking an important milestone. The growth of online retailing means there is much more competition…We can provide online retailers access to the UK’s biggest parcels pick-up and drop-off network.”
Read more: Royal Mail awarded contract to deliver and collect Covid-19 home testing kits
“You won’t be too surprised to know that we have been approached by third-party providers already. And clearly we will be having conversations with them to understand what the opportunity looks like.”
The taxpayer-owned company, founded in 1660, has been struggling to turn a profit for years.
However, the parcel delivery market has boomed during the coronavirus crisis, which accelerated a trend for online shopping and deliveries.
Post Office volumes are up by more than fifth this year, according to Read, with the company handling 16m transactions each week.
“I think it would be fair to say that our mail and parcels business has exploded,” he said.
hTtps://www.cityam.com/amazon-circles-post-office-as-it-loosens-ties-with-royal-mail/?utm_source=newsletter&utm_medium=email&utm_campaign=Midday+newsletter+Nov+2020
with the trading update in 11 days is madness selling.We already know that the sales are very strong, more good news on the way by aquisitions of an Arcadia group company and other rns relating to the company.
The share price will not be trading at 320p but at 460p as the sales/profit will boost this.
The next update is 14 January, 11 working days to go. That is Q3 update 2020.Beware do not get caught selling them as this can surge upwards and you will miss out.
In my opinion this will surge to 330p before Xmas. Xmas is not over yet and the sale orders are flooding Boohoo and other retailers. Could it close at 318p today? Likely as it tested this morning!!
she is making herself look rediculous.Boohoo can not impose trade unions in private suppliers.
God knows how they selected her to be an MP. I would not vote for her
Her economic/financial knowledge is zero! Thick as two planks!!!!!!!
Boohoo Chairman to give evidence as MPs revisit fashion sustainability The United Kingdom Parliament11:27 Fri, 11 Dec
Its only a brief audit about tackling the environmental and social impact of the fashion industry since EAC’s Fixing Fashion inquiry in 2018/19.
Wednesday 16 December
At 2.30pm
Fiona Gooch, Senior Policy Adviser, Traidcraft Exchange
Peter Andrews, British Retail Consortium
Dr David Moon, Head of Business Collaboration, WRAP
At 3.15pm
Matthew Taylor, Director of Labour Market Enforcement;
Councillor Adam Clarke, Deputy City Mayor, Leicester Council
At 4pm
Mahmud Kamani, Boohoo Group Executive Chairman;
Andrew Reaney, Boohoo Group Responsible Sourcing and Product Operations Director
It's nothing about Boohoo specifically but about the impact of the fashion industry with the experts giving their opinions and thoughts.
NASTY CHARACTER, do not have a clue maybe not even a holder.Ignore him/her and do not reply to the posts.
Lies and more inventing lies.If you see posting anything inapropriate report him/her and also the FCA to investigate.Nobody is allowed to smearing characters or telling lies about Directors or the company but meanwhile FILTER.
WRONG THIS IS THE AUDIT COMMITTEE ABOUT
BOOHOO HIRES FORMER JUDGE LEVESON TO OVERSEE REFORM
(Sharecast News) - Boohoo has appointed legal heavyweight Brian Leveson, who headed the government's inquiry into the press, to oversee the company's efforts to recover from a scandal over treatment of workers.
The fast fashion company said Leveson would provide independent oversight of its change programme. He will report directly to the board and his reports will be published.
Boohoo was rocked in 2020 by revelations that workers in factories making its clothes were paid illegally low wages and forced to work in unsafe conditions including fire traps. The scandal caused its shares to plunge and big customers such as Next to cancel orders.
A review by Alison Levitt, a leading barrister, found in September that the allegations were substantially true and that there were endemic failings in Boohoo's supply chain centred on factories in Leicester. Boohoo pledged to overhaul its buying practices, carry out rigorous checks of suppliers and work to improve conditions in Leicester, the centre of the UK's garment industry.
Leveson's appointment appears to underline the company's resolve to clean up its business. A QC since 1986, Leveson rose to become a high court judge in 2006 and head of criminal justice for England and Wales before retiring in 2019.
He is best known for overseeing the independent public inquiry into the ethics of the UK press following the phone hacking scandal at Rupert Murdoch's News International. The inquiry in 2011 and 2012 heard evidence from Murdoch and other media figures and recommended regulatory reform.
Leveson said: "Boohoo has recognised that it must institute and embed change so that everyone involved in the Group's supply chain is treated fully in accordance with the law and the principles of ethical trading. I look forward to providing independent oversight of the Agenda for Change programme."
Boohoo, whose brands include Pretty Little Thing and Nasty Gal, said it had enlisted KPMG to help with its overhaul and that Leveson had appointed legal and enforcement specialists to make sure the changes stick.
Independent retail analyst Nick Bubb said: "Boohoo has announced that no less a personage than Brian Leveson is to provide independent oversight of the group's "Agenda for Change" programme, which must mean that it is reasonably serious about things."
UK BLACK FRIDAY ONLINE SALES EXPECTED TO BEAT RECORD
(Sharecast News) - Internet industry body IMRG said that the online sales for this year's Black Friday are expected to reach an all-time high.
The rise in sales comes as retailers slash prices in an attempt to drum up trade after a lost November on the high street due to the second wave of the coronavirus pandemic.
Some retailers have been forced to shut down shops and now only sell their products online.
Consumers have already shifted their purchases to online sites, providing an added boost to internet sales in 2020.
Last week online sales were 56% higher than in 2019, according to IMRG.
Some online businesses are also dramatically cutting prices to compete with traditional retailers coming into the sector. Asos is offering up to 70% off, while its rival Boohoo is slashing prices by up to 90%.
Fashion topped the list of most sold products, followed by beauty and grooming products, according to The Guardian.
Over the four days, shoppers are expected to spend £7.5bn, according to a Centre for Retail Research (CRR) report for Vouchercodes.co.uk.
The CRR's forecasts, which predict online sales will be nearly £2bn higher than last year at £5.8bn while stores will lose out on £3bn of business, to take just £1.7bn.
boasting you made and made imaginative sums.Bragging will not get anywhere, will not give you admirers and followers or boost your ego.Walter Mitty is your name? stop lying, it will give you a false alibi, you will not rise in the society! Grow up!
why are you here then if you don't like the company? Invest somewhere else then.No need to preach to the converted.
Or Is it racism because the owners are Asians? or is it jealousy? The owners have worked hard for it, they did not find or were born with a silver spoon in their mouth! Boohoo is supporting Leicester as so many workers are employed by factories, associated suppliers, 3 party suppliers etc. Do not try and distort the facts.Pure enterpreunship ,export globally with middle East (7 countries)added lately with hugh potential.See the trading update on the 14 January!!!
What do you expect to happen on the 16 December? Boohoo was not involved in the running of the factories! Was it? The appointment of a person to oversee the running of the factories is a bonus for the government since they do not have to pay for it to enforce employment Acts and pay conditions. Boohoo now has in place rules and conditions to their suppliers overseen by the Boohoo appointee and report. Boohoo should come out winning this committee audit.
I do hate the trolls spreading lies in every forum.I am not happy with this person TCM and many of you.He is distorting the true image of BOOHOO and trying to confuse investors in selling off for peanuts.This is worth more than 500p as Jefferies said in note for Boohoo.All is needed is restrain ,Do not sell your shares.The shorters will have to Buy the shares back to close their shorts.But if there not enough shares around to close they will have to pay dearer and the price will rise.